Traditional_Button34 t1_j9ue55t wrote on February 24, 2023 at 5:05 PM Reply to comment by eatmoremeatnow in Pimco-Owned Office Landlord Defaults on $1.7 Billion Mortgage by downboat Yup and your credit tanks for 7 years and you can't buy anything anyways. Turning your business into a corporation is the only way to avoid that. There's downfalls to that too...especially for businesses with only 1 guy working. Permalink Parent 0
Traditional_Button34 t1_j9ue55t wrote
Reply to comment by eatmoremeatnow in Pimco-Owned Office Landlord Defaults on $1.7 Billion Mortgage by downboat
Yup and your credit tanks for 7 years and you can't buy anything anyways. Turning your business into a corporation is the only way to avoid that. There's downfalls to that too...especially for businesses with only 1 guy working.